Canara Bank has announced robust financial results for the quarter and year ended March 31, 2026. The bank reported a consolidated annual net profit of ₹17,872.88 crore. The Board of Directors has recommended a final dividend of ₹4.20 per equity share, representing a 210% payout on the face value of ₹2, subject to approval at the upcoming Annual General Meeting.
Financial Highlights
For the financial year ended March 31, 2026, Canara Bank achieved a consolidated total income of ₹1,53,083.22 crore. The bank’s standalone annual net profit stood at ₹19,186.67 crore, demonstrating consistent growth compared to the previous fiscal year. During the fourth quarter (Jan-Mar 2026), the bank recorded a standalone net profit of ₹4,505.57 crore.
Asset Quality and Capital Adequacy
The bank has shown significant improvement in asset quality, with the standalone gross NPA ratio standing at 1.84% as of March 31, 2026, compared to 2.94% in the corresponding period of the previous year. The net NPA ratio also improved to 0.43%. Furthermore, the bank maintains a strong capital position with a Basel III Capital Adequacy Ratio of 17.04%.
Dividend Recommendation
Reflecting the bank’s strong financial performance, the Board of Directors has recommended a dividend of ₹4.20 per equity share for the fiscal year 2025-26. This dividend payout, which equates to 210% of the face value of ₹2 per share, is pending final approval from the shareholders at the ensuing Annual General Meeting.
Strategic Business Performance
The bank’s business continues to be driven by its primary segments, with Retail Banking Operations and Wholesale Banking Operations acting as key pillars of growth. The bank has also successfully completed the amalgamation of regional rural banks under the ‘One State-One RRB’ initiative, forming the new Karnataka Grameena Bank effective May 01, 2025.
Source: BSE
